A ________ is made by an acquirer directly to a target corporation's shareholder,without the knowledge of the board of directors,in an effort to acquire the target corporation.

Question

Quizplus · Accepted Answer

A tender offer is a direct offer made by an acquirer to a target corporation's shareholder to purchase their shares without the knowledge or involvement of the board of directors. Share exchange involves a swap of shares between the two companies. Proxy allows a shareholder to delegate their voting rights to another person or entity. A shareholder resolution is a proposal made by a shareholder and voted on by other shareholders at a company's annual meeting. None of these options fit the description given in the question as closely as a tender offer.

A ________ Is Made by an Acquirer Directly to a Target